OECD Confirms Major Blockchain Conference For Next Month
A major blockchain conference is planned for next month by the Organization for Economic Co-operation and Development. The conference is to take place between September 4thand 5thin Paris.
The conference seeks to uncover the impact of blockchain technology on government’s operations at a time of widespread adoption of cryptocurrencies, one of its main byproducts. Some of the topics up for discussion at the two-day conference include the potential use cases of blockchain technology on the global economy.
The conference will also seek to unravel the impact of blockchain technology on privacy and Cybersecurity. The event will also seek to uncover ways of using the technology to enhance inclusiveness as well as governance and its use case in enforcement practices. In attendance will be more than 400 senior decision makers from both the public and the private sector. OECD secretary-general, Angel Gurria will be in attendance as well as the Prime Ministers of Serbia, Bermuda, and the Republic of Mauritius.
The OECD Directorate has already released a paper touching on possible blockchain technology applications. The paper touches on applications both in the public and private sector in addition to explaining the principles behind the technology as well as the consortia required for building a successful and effective platform.
Government has been called to play a pivotal role in accelerating developments and innovations around the technology at a time when the world is facing a lot of issues from Cybersecurity to privacy.
“Blockchain has the potential to transform how a wide range of industries function. Fulfilling its potential, however, depends on the integrity of the processes and requires adequate policies and measures while addressing the risks of misuse," read a news release.
Blockchain technology has continued to gain prominence in part because some governments are investing big chunks of money in an attempt to spur innovations that will revolutionize various sectors. China is one of the countries that have invested big on the emerging technology as it seeks to enhance efficiency in the financial sector as well as on supply chains and logistics.
While the focus has shifted towards blockchain technology, a number of countries have continued to shun cryptocurrencies even though it is one of the technology’s most significant applications. China and India are some of the countries that have banned all cryptocurrency related activities as other countries remain on the loop when it comes to much-needed regulations for governing the burgeoning sector.